ORCHID PROTOCOL - OXT/USD - 1H - Technical analysis published on 06/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.096607 USD
My targets
0.092766 USD (-1.42%)
0.088298 USD (-6.16%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ORCHID PROTOCOL - OXT/USD as long as the price remains well below 0.096607 USD. The next bearish objective for sellers is set at 0.092766 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.088298 USD. If there is any crossing, the next objective would be the support located at 0.078281 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ORCHID PROTOCOL - OXT/USD rating is 0.094099 USD. The price registered a decrease of -0.16% on the session and was between 0.092037 USD and 0.094929 USD. This implies that the price is at +2.24% from its lowest and at -0.87% from its highest.0.092037
0.094929
0.094099
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ORCHID PROTOCOL - OXT/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.078281 | 0.088298 | 0.094099 | 0.096607 | 0.104191 | 0.106775 |
| Change (%) | -16.81% | -6.16% | - | +2.67% | +10.72% | +13.47% |
| Change | -0.015818 | -0.005801 | - | +0.002508 | +0.010092 | +0.012676 |
| Level | Minor | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.079045 | 0.085251 | 0.089753 | 0.095959 | 0.100461 | 0.106667 | 0.111169 |
| Camarilla | 0.091309 | 0.092291 | 0.093272 | 0.094254 | 0.095236 | 0.096217 | 0.097199 |
| Woodie | 0.078192 | 0.084825 | 0.088900 | 0.095533 | 0.099608 | 0.106241 | 0.110316 |
| Fibonacci | 0.085251 | 0.089342 | 0.091869 | 0.095959 | 0.100050 | 0.102577 | 0.106667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.056722 | 0.074090 | 0.084172 | 0.101540 | 0.111622 | 0.128990 | 0.139072 |
| Camarilla | 0.086705 | 0.089222 | 0.091738 | 0.094254 | 0.096770 | 0.099287 | 0.101803 |
| Woodie | 0.053079 | 0.072269 | 0.080529 | 0.099719 | 0.107979 | 0.127169 | 0.135429 |
| Fibonacci | 0.074090 | 0.084576 | 0.091054 | 0.101540 | 0.112026 | 0.118504 | 0.128990 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.067893 | 0.078632 | 0.092766 | 0.103505 | 0.117639 | 0.128378 | 0.142512 |
| Camarilla | 0.100061 | 0.102341 | 0.104621 | 0.106901 | 0.109181 | 0.111461 | 0.113741 |
| Woodie | 0.069592 | 0.079481 | 0.094465 | 0.104354 | 0.119338 | 0.129227 | 0.144211 |
| Fibonacci | 0.078632 | 0.088133 | 0.094003 | 0.103505 | 0.113006 | 0.118876 | 0.128378 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.29 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -19.057236 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.092206 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.094332 | |
| Elder Ray (13): | -0.000576 | |
| Super Trend (3,10): | 0.096750 | |
| Zig ZAG (10): | 0.093032 | |
| VORTEX (21): | 0.9665 | |
| Stochastique (14,3,5): | 38.64 | |
| TEMA (21): | 0.093080 | |
| Williams %R (14): | -66.32 | |
| Chande Momentum Oscillator (20): | -0.001192 | |
| Repulse (5,40,3): | 0.2252 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2367 | |
| Courbe Coppock: | 0.08 |
| MA7: | 0.103950 | |
| MA20: | 0.104738 | |
| MA50: | 0.103036 | |
| MA100: | 0.121618 | |
| MAexp7: | 0.093358 | |
| MAexp20: | 0.094134 | |
| MAexp50: | 0.097678 | |
| MAexp100: | 0.101656 | |
| Price / MA7: | -9.48% | |
| Price / MA20: | -10.16% | |
| Price / MA50: | -8.67% | |
| Price / MA100: | -22.63% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -3.66% | |
| Price / MAexp100: | -7.43% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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